Item 8. Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data.
Goldman Sachs Physical Gold ETF
Quarterly Statements of Operations
For the years ended
December 31, 2020 and 2019
(Unaudited)
Three Months
ended March 31,
2020
Three Months
ended June 30,
2020
Three Months
ended September 30,
2020
Three Months
ended December 31,
2020
Year ended
December 31,
2020
EXPENSES
Custodial Sponsor fee
$
(88,744
)
$
(131,057
)
$
(212,831
)
$
(224,900
)
$
(657,532
)
Total expenses
(88,744
)
(131,057
)
(212,831
)
(224,900
)
(657,532
)
Net investment income (loss)
(88,744
)
(131,057
)
(212,831
)
(224,900
)
(657,532
)
Net realized and unrealized gain (loss)
Net realized gain (loss) on gold bullion distributed for redemptions
919,264
—
(1,024,775
)
6,011,267
5,905,756
Net realized gain (loss) on gold transferred to pay expenses
(378
)
(1,314
)
(786
)
(25,814
)
(28,292
)
Change in unrealized appreciation (depreciation) on investment in gold
8,546,217
25,217,179
24,031,732
(5,216,793
)
52,578,335
Net realized and unrealized gain (loss) from operations
9,465,103
25,215,865
23,006,171
768,660
$
58,455,799
Net increase in net assets resulting from operations
$
9,376,359
$
25,084,808
$
22,793,340
$
543,760
$
57,798,267
46
Three
Months
ended
March 31,
2019
Three Months
ended
June 30, 2019
Three Months
ended
September 30,
2019
Three
Months
ended
December 31,
2019
Year ended
December 31,
2019
EXPENSES
Custodial Sponsor fee
$
(45,346
)
$
(50,784
)
$
(68,564
)
$
(76,248
)
$
(240,942
)
Total expenses
(45,346
)
(50,784
)
(68,564
)
(76,248
)
(240,942
)
Net investment income (loss)
(45,346
)
(50,784
)
(68,564
)
(76,248
)
(240,942
)
Net realized and unrealized gain (loss)
Net realized gain (loss) on gold transferred to pay expenses
999
(60
)
(108
)
(2,716
)
(1,885
)
Change in unrealized appreciation (depreciation) on investment in gold
1,030,713
10,122,345
7,049,001
4,400,096
22,602,155
Net realized and unrealized gain (loss) from operations
1,031,712
10,122,285
7,048,893
4,397,380
$
22,600,270
Net increase in net assets resulting from operations
$
986,366
$
10,071,501
$
6,980,329
$
4,321,132
$
22,359,328
Item 9.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
There have been no disagreements with accountants on any matter of accounting principles or practices or financial statement disclosures during the last two fiscal years.
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